Updated over 6 years ago on . Most recent reply
3-year rule — anyone ?
Purchase price + rehab price = 3 years of NOI
In many places, it won’t happen. But , doable in some places. Working for you ?
Most Popular Reply
Your question was posted in the multifamily and apartment board, MF is 5 units and above.
This is not even close to accurate for anything I have ever bought.
The property I closed on Monday was 200 units for ~19mm with annual NOI for years 1-3 of nearly 1.3mm; 3x NOI = 3.9mm on a 19mm purchase.